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Trump has also promisedeven higher tariffsagainst China, ranging from 60% to 100%.
Those American retailers then pass the cost on to shoppers.
We never want to raise prices, he stated.
Our model is everyday low prices.
But there probably will be cases where prices will go up for consumers.
If Trumps tariffs take effect as hes promised, expect Target to be hit hard.
According to24/7 Wall Street, representatives from Costco have admitted tariffs will hurt its business.
Costco imports a great deal of product; as such, tariffs could massively impact the warehouse retailer.
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